Developing ESG Plan and Environmental Policies

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BDO Ukraine assists companies in reaching high sustainability standards by evaluating their current ESG status and providing recommendations for further improvement. Our comprehensive service covers several key stages aimed at ensuring compliance with environmental, social, and governance standards, which is crucial for enhancing your company’s competitiveness and reputation.


  • Current ESG practices analysis

We perform a thorough analysis of all ESG aspects of the company, covering environmental, social, and governance sectors. This allows us to uncover strengths and areas that require improvement to meet international standards.

  • ESG data collection and verification

Our experts gather relevant data and verify its accuracy. This ensures that all metrics reflect the real situation, which is crucial for further analysis and providing recommendations.

  • Assessment of compliance with international standards

We assess your company’s compliance with key international ESG standards, such as GRI, SASB, and TCFD, along with national requirements, ensuring complete transparency and compliance.

  • Identifying key ESG risks and opportunities

Our specialists identify key business risks and opportunities related to ESG practices. This allows us to develop effective strategies for risk mitigation and opportunity utilization to enhance competitiveness.

  • Developing improvement recommendations 

Based on collected data and analysis, we create a detailed action plan to improve the company’s ESG performance. The recommendations include specific measures to optimize processes, increase environmental efficiency, strengthen social aspects, and improve corporate governance.

  • Creating necessary policies to achieve set goals

Based on the goals chosen by the company, we develop necessary policies to streamline key internal processes highlighted in the ESG report. These policies can be used for long-term sustainability forecasting.

  • Preparing for reporting and communication

We help prepare for ESG activity reporting and provide recommendations on communicating the company’s achievements to investors, partners, and the public.

  • Continuous monitoring and improvement

BDO in Ukraine also offers support in the long-term perspective to ensure continuous improvement of the ESG strategy and its adaptation to market and legislative changes.


Start your journey towards sustainable development with BDO in Ukraine! Contact us to receive professional assistance in improving ESG practices, which will help strengthen your business, increase its resilience, and enhance its market reputation.


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  • What is an ESG plan and why does a business need one?

An ESG plan is a strategic document outlining how a company integrates environmental, social and governance (ESG) goals into its operations. Such a plan helps to structure sustainability actions, reduce risks, enhance competitiveness and meet investor requirements. An ESG plan forms part of a company’s overall strategy and can cover a period of 1, 3, 5 or 10 years.

  • Why should an analysis of the current state of ESG practices be conducted?

The analysis helps to identify strengths and weaknesses in environmental, social and governance areas, forming the basis for further improvement and alignment with international requirements.

  • What does the ESG plan development process include?

The process includes:

•    analysis of the current ESG practices;

•    collection and verification of ESG data;

•    assessment of compliance with international standards;

•    identification of ESG risks and opportunities;

•    development of recommendations and policies;

•    further monitoring and improvement. 

  • What are environmental policies in the context of ESG?

Environmental policies are official corporate documents that define the company’s principles and requirements regarding environmental protection, resource management, reduction of environmental impact, etc. They define clear rules for achieving environmental goals. 

  • What benefits does a company gain from a developed ESG plan?

The benefits include:

•    clear understanding of the business’s ESG strengths and weaknesses;

•    increased trust from investors and partners;

•    stronger brand positioning as a responsible business;

•    better preparedness for future regulatory requirements;

•    foundation for transparent ESG reporting. 

  • Does an ESG plan support company reporting?

Yes — an ESG plan creates the data and process structure that enables the company to consistently prepare high-quality ESG reports in accordance with international standards (e.g., GRI or ESRS). 

  • What role does the collection and verification of ESG data play?

These processes ensure the accuracy and reliability of indicators, reflecting the company’s actual position. It is imperative for recommendations, planning and reporting.

  • Which international ESG standards are considered during the assessment?

The work is guided by standards such as GRI, SASB and ESRS, as well as relevant national requirements.

  • What does identifying ESG risks and opportunities provide to businesses?

It facilitates the development of specific strategies that mitigate risks and leverage opportunities to strengthen company competitiveness.

  • How are environmental and other ESG policies created?

These policies are developed in line with the company’s chosen goals and structure internal processes reflected in the reporting. They also form the basis for long-term sustainability forecasting.

  • Why is it important to prepare for ESG reporting and communications?

It ensures that the company’s results are presented effectively to investors, partners and the public, thereby enhancing trust and transparency.

  • Is it necessary to continuously monitor ESG practices?

Indeed, as ESG indicators must be adaptable to market changes, new requirements and the company’s long-term sustainability objectives.

Analysis of current ESG practices — a thorough examination of a company’s environmental, social and governance aspects, with the aim of determining its alignment with sustainability principles and international requirements.

Verification of ESG data — a verification of accuracy, completeness and reliability of the information collected to ensure a realistic representation of the company’s ESG indicators.

Long-term monitoring of ESG practices — a systematic observation of changes to ESG indicators and adaptation of strategy in response to new regulatory, market or environmental conditions.

International ESG standards (GRI, SASB, ESRS) — the global frameworks and requirements for environmental, social and governance reporting that establish a unified approach to sustainability assessment.

Assessment of compliance with international ESG standards — ascertaining the degree to which a company’s operations are in line with the established global sustainability requirements.

Preparation for ESG reporting and communication — development of recommendations on how to present ESG performance results to internal and external stakeholders.

Development of environmental and other ESG policies — creation of internal documents that regulate environmental, social and governance processes, and form the basis for long-term sustainability forecasting.

Development of recommendations for improving ESG indicators — creation of a detailed action plan aimed at optimising the environmental processes, strengthening the social dimension and enhancing the effectiveness of corporate governance.

ESG risks and opportunities — factors that may have a negative or positive impact on a company’s environmental, social and governance activities, identified through strategic analysis.

Collection of ESG data — systematisation of key indicators of a company’s environmental, social and governance activities for further assessment and planning.